However, recent changes in FX rates have deterred tourists in the country, and the casinos have lost their income in the process. Besides the income casinos gain from foreign tourists, domestic tourism is also a key contributor, but it too has been affected by the recent changes in FX rates.
South Africa had always been a stable economy with a mostly positive economic outlook, making it a safe destination for tourists in Africa. Since 2015, though, things have changed and South Africa’s previous economic stability was shaken by numerous occurrences. China’s devaluation of the yuan caused the South African rand to drop by 26% in 2015 to become weaker among major world currencies.